12 December 2019

 

 

AIRPORT CONSTRUCTION OPP

 

The Government of Gujarat is planning to construct and develop an airport at Dholavira in the Kutch district of Gujarat.  Dholavira is one of the two largest Harappan sites in the country, a bird watchers paradise and a tourist destination.  The authorities have already begun working on formalities to acquire sites at various places in the state apart from Dholavira, to construct airstrips. These include Ambaji, Palitana, Ankleshwar, Dwarka, Mandvi, Morbi, Rajkot, Parsoli, Rajpipla and Dahej. This presents great business prospects for construction firms and those offering allied support services.

 

 

 

PELLET FACILITY FROM ESSAR STEEL

 

Essar Steel has recently commissioned an integrated 10 million mtpa pellet complex in Odisha. It is reported the new plant comprises an iron ore beneficiation facility at Dabuna, a 6-million tpa pellet plant at Paradip, and a 253-km long slurry pipe line with 12 million tpa carrying capacity connecting the beneficiation facility and the pellet plant. The company has invested up to `6000 crore to put up the integrated facilities. This addition makes the Essar Steel the largest pellet producer in the country. The Odisha pellet complex is supported by infrastructure which includes a 120-MW power plant managed by Essar Power and a captive berth at Paradip Port set up by Essar Ports. The pellet plant is connected by a 9.5-km conveyor belt to the fully mechanised berth at Paradip. 

 

 

 

EXPANSION AT WONDER CEMENT

 

Wonder Cement is looking to set up an 18-MW waste heat recovery system to address the power requirements of its upcoming `1200 crore capacity expansion developments at its Nimbahera cement plant in Rajasthan. The Udaipur based company which is part of the RK Marble Group has a capacity to produce 3.25 million tpa. The company plans to expand its current capacity to 10 million tpa by setting up a second and third production line for which it has land readily available. The cost of the waste heat recovery system is expected to be around `10 crore per megawatt totalling around `180 crore for the entire plant. It is reported orders for the system have already been placed with Thermax and ThyssenKrupp. The second line under execution is expected to be completed by the end of 2015.

 

 

 

CASA GRANDE FOR COIMBATORE

 

Chennai-based realty major Casa Grande Pvt Ltd (CGPL) has launched a new project at Ramanathapuram near Coimbatore. The luxury gated community project called 'Casa Grande Amber will have a mix of villas and apartments -- 13 independent 4 bedroom villas ranging from 3,360 sq ft  to 4,041 sq ft on a land area of 3,500-4,300 sq ft with high-end specifications. The gated community project will also contain 32 apartments ranging from 1,242 sq ft to 2,111 sq ft.  The project has been planned with space as concept with lavish internal and external spaces. The new project coming will come up on about 2.1 acres of land and will be completed in the first quarter of March 2016, it is reported.

 

PATEL REALTY SELLS BKC PLOT

 

A 4-acre plot in Mumbai’s central business district, Bandra-Kurla Complex has been sold for about `300 crore by the real estate subsidiary of Patel Engineering.  The land has reportedly been sold by Patel Realty to Kanakia Spaces Ltd. It is learnt the company is also in advanced talks with at least two investors for getting a co-developer for its 16-acre residential complex which it is building at Jogeshwari in Mumbai. The deal is likely to bring about `700 crore to the company which has recently been engaged in disposing off its non-core assets to cut debt to the extent of `1,000 crore.

 

 

 

ASIANA FOR NEW HOUSING PROJECTS

 

Realty firm Ashiana Housing, which specialises in development of homes for senior citizens, has announced plans to invest about `750 crore over the next 3-4 years to develop four new housing projects. The company already has a presence in Jaipur, Bhiwadi, Jodhpur, Neemrana, Sohna-Gurgaon, Jamshedpur, Halol in Gujarat and Lavasa township near Pune. It has also tied up for a project in Kolkata as well, but is waiting for approvals. The new projects, which will contain 2,800 apartments, will come up in Haryana and Rajasthan at places like Jaipur, Bhiwadi, Sohna-Gurgaon and Neemrana. The Delhi-based firm will be launching the four housing projects in the second half of this fiscal, of which one will be for senior living. The projects to be funded through internal accruals will be delivered in the next
four years.

 

 

 

India’s first automation store unveiled

 

BuildTrack has launched its Smart Home store at Koparkhairane in Navi Mumbai. Owned by Shabaz Khan, the Smart Home Store, is India’s first store to offer a wide range of automation and surveillance products that ensure safety, security, comfort, convenience and energy savings within a home. The products involve wide range of BuildTrack products involving automated controls for lights, fans, curtains, sensors for smoke, gas or intrusion of detectors, indoor cameras and video door phones which can be accessed even through Smartphones and any such advanced devices.
 

 

 

`2500 CR INVESTMENT FROM WELSPUN

 

Welspun India has outlined plans to invest up to `2,500 crore for expansion of its manufacturing capacities over the next 12 months. The textile major already has set up the country’s largest spinning facility at Anjar with an investment of around `800 crore. The new facility will help the firm double its spinning capacity to over 3,00,000 spindles, thereby fulfilling nearly 70 per cent of the fine and super fine yarn requirements of the company. The company is seeking to invest in modernisation and expansion of its towel manufacturing capacity at Vapi in Gujarat. The infusion of funds will help the company strengthen its core competencies of quality and innovations, company officials said. 

 

 

BSE FOR TOWER AT GIFT CITY

 

The Bombay Stock Exchange’s Brokers Forum which has been allocated land – a total of 4.5 lakh square feet of built up area – at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar, plans to build an iconic tower to house their operations there.  It is reported the Forum’s investment at GIFT City is to the extent of `200 crore.  Currently, the Forum has 742 trading members in the equity segment and 93 trading members (associate) of the commodity segment as its members. GIFT City with state-of-the-art infrastructure facilities is fast emerging as most preferred location for various financial institutions for setting up their operations. Leading Banks like, State Bank of India, Bank of Baroda, Bank of India, Syndicate Bank, Corporation Bank, HDFC Bank etc. have already been allotted space in GIFT City.

 

 

SAHARA SELLING OFF PROPERTIES  

 

The Sahara Group has reportedly finalised a deal to sell two land parcels for over `1,250 crore.  The properties are reportedly located in Mumbai and in Jodhpur. The company recently sold a plot of land in Gurgaon for `1211 crore. The properties being sold include land in Chauma near Gurgaon, Jodhpur, Pune and Vasai outside Mumbai. The company’s owner is in jail following an alleged non-refund of over `20,000 crore with interest to depositors and has been directed by the court to pay `10,000 crore to obtain bail.

 

 

TEKLA’S CONSTRUCTION ROADSHOW

 

Tekla India, Building Information Modeling (BIM) software provider for the engineering and construction industry, has completed its roadshow series on complete constructable solutions. The objective of these seminars was to create awareness amongst the top corporates about latest technologies in modern construction practices in the country. The first two seminars were conducted at Hyderabad and Delhi in September 2014, followed by Kolkata and Ahmedabad last month. The seminars provided an opportunity for participants to learn how to manage concrete construction through a unique Model, Plan and Pour concept. It also provided an in-depth knowledge on how to utilise Tekla technology for steel detailing and precast projects. These sessions saw a huge gathering of over 300 participations from various structural engineering consultants, structural, precast and rebar fabricators, project owner, real estate developers, general and concrete contractors, erectors, EPC companies, quantity surveyors and estimators and infrastructure players across the industries.

 

 

 

HIRANANDANI TO RELAUNCH PROJECTS

 

Real estate major Hiranandani Developers Pvt Ltd has announced plans to relaunch the two projects it bought recently for `1000 crore, but which were stalled for some time. The company is looking to activate two township projects – involving 157 acres in Chennai and 588 acres at Panvel in Navi Mumbai – it had stalled for over two years. It is currently revamping the original project plans and will launch the townships over the next six months. 

 

 

 

CEMENT PRODUCTION UP

 

Production of cement in the country – except from ACC and Ambuja – increased to 21.7 mt in September 2014, about 5.44 per cent up on the 20.58 mt recorded in August 2014, according to a report by India Coal Market Watch. It is reported during the first six months of the current FY14-15, the total cement production stood at 135.51 mt as against 123.57 mt produced during the corresponding period of the previous fiscal. Total cement production during 2013-14 stood at 255.63 mt compared to 248.23 mt during the previous year. Cement manufacturers are currently operating at around 75 per cent of the total installed capacity.

 

 

 

CONSTRUCTION CHEMICALS GROWTH

 

The market for construction chemicals in India is forecast to exhibit a CAGR of around 18 per cent during 2014-19, as per the recently published TechSci Research report, India Construction Chemicals Market Forecast & Opportunities, 2019. The demand drivers are increasing real estate – both residential and commercial – construction activities coupled with robust growth in infrastructure. New government initiatives such as ban on on-site mixing has boosted the demand for ready-mix concrete, which is expected to boost the admixtures segment that accounts for the largest share in the construction chemicals market in the country. The market has witnessed major investments recently, such as FOSROC Chemicals India Pvt Ltd opening up a production facility in West Bengal, with a production capacity of 20,000 MT per year. Increasing rate of industrialisation and upgradation of technology to process environment friendly construction chemicals is encouraging manufacturers to set up facilities for manufacturing allied products in the most efficient manner.

 

 




Leave a Comment

Name  
Email Address
(will not be published)    
Website
Comment